Business
Q2 2023 Earnings Release
Q2 2023 Earnings Release.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n\n \n \n\n\n\n\nLANCASHIRE HOLDINGS LIMITED\n \n10 August 2023 \nHamilton, Bermuda\n \nLancashire Holdings Limited (“Lancashire” or “the Group”) today announces its results, under IFRS 17, for the six months ended 30 June 2023.\n \nHighlights:\n• Gross premiums written increased by 26.2% to $1,184 million, insurance revenue of $720.9 million.\n• Insurance service result $188.8 million; profit after tax $159.2 million.\n• Discounted combined ratio 71.4%, undiscounted combined ratio 79.2%.\n• Total net investment return of 2.2%.\n• Interim dividend of $0.05 per common share.\n \n\n\n\n\n\n\n\n\n\n\nFor the six months ended 30 June\n\n\n\n\n\n\n\n\n\n\n2023\n\n\n\n$m\n\n\n\n\n\n\n\n\n\n\n2022\n\n\n\n$m\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHighlights \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGross premiums written\n\n\n\n\n\n\n\n\n\n\n1,184.0\n\n\n\n\n\n\n\n\n\n\n938.1\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInsurance revenue\n\n\n\n\n\n\n\n\n\n\n720.9\n\n\n\n\n\n\n\n\n\n\n579.8\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInsurance service result\n\n\n\n\n\n\n\n\n\n\n188.8\n\n\n\n\n\n\n\n\n\n\n141.5\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet investment return\n\n\n\n\n\n\n\n\n\n\n63.2\n\n\n\n\n\n\n\n\n\n\n(85.8)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit after tax\n\n\n\n\n\n\n\n\n\n\n159.2\n\n\n\n\n\n\n\n\n\n\n31.0\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFinancial ratios \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet insurance ratio\n\n\n\n\n\n\n\n\n\n\n 62.8%\n\n\n\n\n\n\n\n\n\n\n 64.3%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCombined ratio (discounted)\n\n\n\n\n\n\n\n\n\n\n 71.4%\n\n\n\n\n\n\n\n\n\n\n 72.6%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCombined ratio (undiscounted)\n\n\n\n\n\n\n\n\n\n\n 79.2%\n\n\n\n\n\n\n\n\n\n\n 77.1%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNet investment return\n\n\n\n\n\n\n\n\n\n\n 2.2%\n\n\n\n\n\n\n\n\n\n\n (3.8%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\n...